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was because of the deal -- >> john boehner. because of john boehner. >> partly, mitch mcconnell force ed john boehner's hand. >> we expect senators to do that. that's what republican -- republican senators have always spent us deeper into debt. that's what they do. that's their hobby. >> look, in this round, the president got a ton. and liberals who are complaining are most worried not about the terms of this deal but about whether the president's got a weak hand going into the next round. the president, as you pointed out, has said as recently as sunday with david gregory, we need to do medicare reform. we need to do entitlement reform. when we deal with the sequester cuts in two months, when we deal with raising the debt ceiling, even though the president wants to keep that out of the debate, republicans are going to have another chance with leaders like john boehner and paul ryan making the argument. and i think the president once again is going to have that k n confrontation. >> how many trillions do you think they'll add to the debt, mika? paul ryan -- i had the tenth amendment on a lit
trading day of the year after the fiscal cliff compromise. john boehner house speaker tonight amid a new backlash this one over a delay in aid for super storm sandy. >> with no explanation, the rug is pulled out from all of us. this a disaster on top of a disaster. >> republicans in congress brought this house to a new low last night. >> the fact is the speaker had no choice. >> tonight, developments after a storm of anger. finally, a fiscal cliff deal. >> i think it's good that we have reached some sort of compromise, although it's kind of lame that it took so long. >> i'm almost wondering why do we even have a congress. >> this fight isn't finished. tonight, the looming battle over spending cuts and raising the nation's credit limits. plus, an oil drilling rig crunches into an island during a storm in alaska. and salvage teams now working to prevent an environmental disaster. but we begin tonight with word of a plan to calm some anger in congress. i'm jon scott in for shepard smith. republican lawmakers are now promising a vote on aid for victims of super storm sandy by january 15th. t
.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell which does raise the question, whatever procedural and constitutional issues, which are profound. are you concerned as a republican, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it
was negotiating directly with house speaker john boehner. they wanted for years of increases in debt ceiling a party, something republicans were not willing to budge on. without an increase in the debt ceiling, it allows republicans to engage the white house and democrats in yet another fight to cut spending in exchange for raising the debt ceiling, so that's the next fight that the next congress will pick up once it gavels in at noon on the third. diane: we are watching charlie rangel speak as the house members go around and debate the fiscal cliff steal from the senate. i also wanted to talk about , thursday at noon, a new congress in session. the steel expires. what happens at that point? if we don't get a vote now it's kind of a done deal. they start from square one? rich: basically. in fact, if this does not pass this evening, if we don't have enough votes to get this through in your basically at square one. you have to figure out exactly how you're going to deal with tax rates that have gone back to clinton narrates a broadbased tax increases on nearly every one u.s. bank of . that's w
out and showed an olive branch dejon banner ever since he has been in. -- john boehner ever since he has been in. president obama has tried to work with these people to get things done, and they will not work with him. host: let's hear from ron in appleton, wisconsin. caller: i woke up this morning, and i am an engineer, an african-american. i have been blessed with a good income. however, when i woke up this morning, though i feared my taxes going up considerably, i was a bit disappointed. the reason for that is that i'm looking long term. taxes, you have to pay for the debt that we have occurred. at this point, it does not matter how we got there. whether it is republicans and democrats or whatever -- it will take all of us to get out of it. it amazes me that everyone wants everyone else to sacrifice, but when it comes to me, i do not want to give that up. at this point, ok, if you are raising my taxes, ok, but make sure that we take care of the debt. that is the big thing. i'm thinking and 10-20 years down the road. i'm not be around then, but my children will be. host: ok, i appr
. so any vote in the house will be a vote for tax cuts, not for tax hikes. that helps. john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the senate. but i think this is expected to move along here. >> there could be amendments, one past, they could vote on amendments, could fail, and then vote on the full measure. isn't that true also? >> yeah, that is true, and the other thing is once anything goes to the floor, it's not just up to republicans, it will -- and the think the expectation all along, whatever ultimately passes the house as we saw in the senate will require democrats and republicans. >> talking to phil gingery, seemed to be leaning no o
would. i think that's realistic. i think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the complexity and a comprehensive package of long-term, of fiscal policy in this country. that's what many of us have asked for, that everything has been to be on the table. that it has to be an honest and open discussion. >> you just said that everything should be on the table. the president said that everyone needs to give a little bit to reach a grand bargain and the american people agree. brand new poll says that 68% of americans want congress, that's you, to compromise. to come up with a solution. only 22% say stick to your principles. now, you spoke out against the president's first off, saying it looked like he was offering a cut to social security, but if his next offer looks the same and that's the only way to come together, would you support it? >> honestly, the support and many of us, including myself, are disapointed that
the debt ceiling and with some of boehner's closest allies had met in the speaker's office and said to him, john if you come back with the deal, that you fashioned with obama this doesn't get more than say 100 votes or so and the republicans, cancer has cantor has started a whispered campaign and you are going to be -- we saw it happen with speaker gingrich and it can happen here. boehner walked away from a deal shortly after that. >> i want to come to the interplay between the leadership on the republican side in in a second but i have to ask this based on what you said. i think you know the president gave what was initially an off the record interview to the "des moines register" editorial board, speaking although he did not get the endorsement of that paper in one of the things he said in the interview was he believed he could get a grand bargain struck on the debt ceiling if he were reelected on november 6. a son what you're saying they may not be possible if if the freshman and now sophomores and many members who come and don't eventually give a nether blessing to cut a deal. in her m
for congress' performance are different from that which the republicans use. as speaker john boehner has said over and over, the second pass a record low number of those pixel of the congress that were not imposing regulations and not increasing taxes. that's way one of looking on it. the way most people look at it attested to by record low popularity approval rating is that this is a congress that has been defined by dysfunction of the law, a congress in which has never been writer than none and where compromise is really seem to be a foreign-policy, a policy foreign to the roast great deliberative body. >> to think of people who ran in 2010 and got elected with the people who ran before it ended now ascended to of leadership leave no with a solution or they were elected to not do things as opposed to do things? >> again, from the class of 2010 and now i refer to the 87 freshman, the so-called tea party class of the 112 congress, their belief is they are doing precisely what the people who elected them wish to do, which is rollback obama initiatives to cut spending. a lot of them thought the
speaker john boehner saying we should do tax reform and spending and entitlement reform and 2013 should be the year for that. the regional framework the president speaker were working out including a mechanism to raise revenue through tax reform and to cut spending and entitlements through spending and entitlement reform next year. that mechanism never happen. you can set targets and the law and state tax will achieve $1 trillion in savings over 10 years and entitlement reform will achieve the same. they never reach that so that is up in the air right now. you do have a willingness from the white house also did old -- to do corporate tax reform. they have a proposal that would lower it to 20% and republicans are working on a bill that would lower corporate tax rates to 25%. there is more of a push among republicans to overhaul the entire tax bill so they have a victory here. they made permanent 99% of the bush tax rates but they want to overhaul the entire code for individuals and corporations. when you look at what congress is working on now there are different committees. the ways & m
. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals together. like it or not, these are the two that hammered it out. they put it together. when it was all said and done, this is what joe biden had to say about how this deal actually came to fruition. >> what was said there was kind of hard to hear. what was your selling point? biden said: me. it's interesting, the senators, the democrats all got together late yes
to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending
? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would the deal get passed in the house? >> i think it could. we have been talking to republicans who say they think a deal from the senate will pass in the house but pass with democratic and republican votes. he think speaker boehner will put it on the floor and folks are telling me that but that said, you never know until you know and that's why they have the whip operations. they are counting nos very carefully to find out how many liberal democrats and republicans they can lose on either side to have coalition votes in the middle. that's the real trick. some have been optimistic that this deal will pass and you know, as long as it is within the contours that people are expecting at there point. >> okay. reminder for those of you just tuning in. we are waiting for a live press conference by president obama as we be
, many people are similarly upset. john boehner, this is a tough spot for john boehner. the house and a lot of people have said that his speakership could be threatened by this. so far, we see no sign of that. but, you know, he's in a position now where he is going to have to allow this -- probably going to have to allow this bill to hit the floor and the house and not going to get a majority of republican support. that is something that no speaker of the house of representatives, whether republican or democrat, does with any kind of frequency at all. it's considered almost a heresy. so, you know, everybody sort of recognizes the box that john boehner is in, but it's not going to really do him any good in terms of support among conservatives. there are some winners and losers here. but this fight is not over, maura. that's the bottom line. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said this should
a picture of speaker john boehner there on the front page. how did he factor into this and what was his message to members? guest: he had it tough because he's the one who will eventually need to say he got something done. no one wants to be on a book for the tax increase. they called it eclipsed for reasons. the tax increase on middle class americans was the biggest part of the cliffs. it was the biggest threat to gdp growth of if you let the taxes go up. so that is a tough position he's in. he is facing comment and criticism from conservatives saying don't pass this, because this is just more debt. so it's a tough balancing act. in the end, he has said for his role speakership and he wants the house to work its will. convenientt's a good way to put it at times. and taken back up and say let us see what the house does aunt clara at the house do what it wants. and you're inevitably split with republicans and you let it go through that way. early in the process he voted and walk away and they were gone. during debate last night, many democrats showed up to debate the measure if and said
christmas break. the house disappeared for the holidays after boehner's plan "b" failed. where is the sense of urgency? everyone is home at night and hopefully we're all putting our hopes on mcconnell and joe biden having a productive dinner, but by god, to your point, this has been going on for not just weeks or months, but years. and the fact that they're trying to cobble together some kind of patch to avoid the political pain and the economic pain more importantly to the country that's set to kick in tomorrow night at midnight is, frankly, pathetic, and it's a political problem, but it's an economic problem, and it's entirely self-created. when marshall blackburn was talking earlier and trying to blame the senate, look at the mirror. don't block at the other guy radio right now. you have to own this, and if particularly in the house of representatives because it's the republicans in the house that have been the biggest stumbling block. we got 98% agreement, both parties and the president agree 98% of americans shouldn't have their taxes raised and yet we're stalled. >> let me talk about
. a lot of negotiations have been between the president and speaker john boehner. >> november 16 was the last time and the only time they met. it's going to happen? we expected bombshell announcement? no. the thing to watch is are they going to keep talking? will these they are we going to see everyone tomorrow? in 1994, they would go to andrews air force base, can't david, but they would keep talking. -- camp david, and it would keep talking. what will happen on the floor of the house and the senate? the senate has to take a pay bill, and then it, and send it back. when they agreed to that? a third thing we need to watch is the tone. if everybody says they're hopeful, that is important i go back to last friday, after speaker boehner's plan b, which would have taxed millionaires had a higher rate, fizzled. he had a press conference that was angry and criticizing democrats, but at the end he said he was hopeful, and that was the news. host: maybe we should send your dog in the meeting. guest: she wants to know who will pay for dog food next week. host: if there is no agreement, wh
boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you don't bring something to the floor unless most of your members are for it. i think john boehner in this case would be willing to set that aside. he would have something else for his members to vote for, which would be more favorable to those die hard conservatives who oppose the deal, but i think he would put it on the floor and i think eld pass. >> joining us now on the set is republican congresswoman shelly moore-capito and democratic congressman greg meeks from new york. congresswoman, i think he could do that and bring it and still be fine on january 3rd. is that your view? he would be re-elected speaker. >> i think he's going to be re-elected speaker, regardless. but i think there is a will in our conference, in the republican conference, to act, to have something on the floor to react to. i would say that it could be that it comes back from the senate and we act on it, but we amend it and change it. i wouldn't say it would
. mitch mcconnell has got to get on the same page as john boehner on the house 06 representatives. mcconnell is not going to walk the political bank. so a lot of variables here. the plan, all along, was for the senate to pass this thing and therefore, sort of box in the house. john boehner could present it to his gop conference, his conservatives and say, look, this is the only deal we can get. however, as you report it, it's quite clear now that technically, at least, we're going to be going over that cliff. the house, while they say they could call themselves back into session at any moment for all intense and purposes, they're gone until noon tomorrow. house leaders, their aides say tomorrow is a holiday and no one is going to feel an impact of this until later on in the week. but this is a dangerous game not only they're playing with the american economy and taxpayers, but a dangerous political game, as well. what do you know about the possibility that we could see the vice president on the hill tonight? >> if senate democrats would like the vice president to go over to the hill,
't is because speaker boehner, who i like and you and i have talked about, cannot get -- listen, if he can't get a million bucks threshold on a tax cut through his chamber, what's he going to do get $500,000? it's not going to happen. what i think is going to happen at the white house this afternoon, though, is these folks are going to come in, sit down with the president, they're going to say, okay, we're all jumping over the cliff. so what do we do after the cliff? and that's probably a very good conversation for our nation's political leaders to have. >> jimmy, i grant you what you said is true, because all we're talking about is taxes. which is weird. >> we're talking about a hell of a lot more than taxes, joe. >> no, but jimmy, boehner couldn't get his guys to do the taxes. but if we were focusing on entitlement reform or spending or any of the big issues, joe, then obama couldn't get his base to -- so it's awo-way street we got going. >> takes two to tango. if he could have gotten inside together we might have had a shot of getting this done. sadly this is kind of like watching a last-plac
obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. thi
side under the leadership of speaker john boehner. i've talked to a couple of republicans this morning who are fairly optimistic that whatever comes out of the senate, whatever that deal is, it will pass the house this afternoon. although hard-core republican anti-tax folks are not going to vote for it. it still would likely have enough votes to pass. that's at least the mood of some folks i'm talking to today. guys, one of the big questions that's unresolved here was raised on a conference call with ceos arranged by the white house on friday night, on that white house conference call with ceos. one of the ceos asked tim geithner, i'm told by a participant on the call, whether a small deal would be enough to are prevent ratings agencies to downgrade u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it
illegally have no heart, it almost killed his campaign. >> most dishonest, john boehner, republican speaker of the house. saying quote unquote, let's be honest, we're broke. we'll be right back with new years resolutions. ♪ [ music ] >>> new years resolutions, pat. >> get at list one book on nixon done this year. >> another one? >> one. >> can get cracking on my memoir, and also continue to jog so i can continue to stay healthy and continue to do combat. >> ensure that everything i put on twitter is completely accurate. >> are you going to do a memoir? >> no. >> really? >> write a book that responds to pat buchanan's last book. >> my new year's resolution is to not have such a heavy foot when i accelerate vehicles. we try to give it to you straight. celebrate the new year. bye bye. ♪ [ music ]
john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can be at the very minimum at this point. john harwood, thanks. see you later. don't worry, be happy. one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies
boehner put down and say i will put my political tackle on this. it may be political suicide for speaker boehner but i have to send it back to the senate, i can make this work. is that even technically possible at this point, rich? rich: it is absolutely possible, but nothing is for sure. cheryl: rich edson live on capitol hill. a lot happening in washington. we will continue to monitor that, rich is standing by talking to congress members. we're waiting on a vote in the house, not sure when it will happen. fox business will be here for you. back to regular programming and label cut in again when we find out what is happening, if not i will see you at the top of the hour for the latest information, now back to our regular show. $. >> cross says he only learned about the fraud after the claims were paid. people would come up to him and say. >> lawyer, you know, john never farmed in his life. his daddy never farmed. when i went back and lead at -- looked at it, it was true. >> so more than a billion dollar was given out to 15,000 farmers, and attempted farmers. so many claimed they were fa
. if you vote on the deal that john boehner couldn't get done in his conference thursday, if you vote on that in january, a deficit deal than december. it's actually a tax decrease. i don't think nothing is going to happen in the coming weeks. it is possible we get into the first week of january before something to vote on. congress has gotten used to doing things at the last minute and it's not exactly clear when the last minute is here. >> i've been saying for a while you don't have to deal with 400 or 500 grand, get 250, what the president has wanted all along and get the republicans to not vote for a tax cut for everybody under 250. why hasn't that been the strategy or can you tell me that hasn't been the strategy all along? >> the piece of it i don't fully understand why the speaker decided to do what he did last week, walk away from negotiations. they were getting pretty close between the speaker and president and john boehner came up with plan b and it didn't happen. i'm not quiteshi shirure what t detail was about. while the leaders were negotiating we had a lot of time to tal
to be done in the senate. the house did its best, boehner did his best, now it's up to the senate to come up with something. is that your position now, your understanding of how your house leadership is handling this? basically the ball is in the senate's court? >> all you have to do is look at what harry reid, the leader of the senate has been saying from day one. every time that speaker boehner put forth a common-sense plan to fix this problem, harry reid would say, right off the bat it is doa, dead on arrival. not one thing that speaker boehner proposed that reid said, oh, we can work with that. it's about scoring political points. the american people are tired of all of us, i understand that. we just make used car salesmen look good. that's the only group is below us. but we've got to get our act together, and prove to the american people that we can regain the trust that they once had in us and get the job done. and as you say, not kick the can down the road. they want to us work this out. i hope we do. >> let's talk about something a little more bright. the former marine stuck in mexic
. mccaul or john boehner's name 10 years from now. the true fact is that they really do want tobuild a fiscal cliff. they want this revenue is. gerri: to that point, americans will see the impact of this beginning with their first paycheck in january. because social security payroll tax will go back up. we will see the changes coming on immediately. the erage american family will pay $3500 each and every year in taxes. that is the people in the middle class. tyler, quickly to you. you know, do you think that republicans are when the case here? you think of the senate, that they would be abe to come up with a compromise? >>oing over the cliff is the best scenario for republicans. it's not the best scenario for the country. at least if we go over the cliff, anything they agree to look for tax cut. and i think that could be the scenario that we are looking for. everything that has been done for the past several weeks has been smoke and mirrors anyway. so you know, ts is just another day of the same things. and i think you're right. the normal person, the people who look at their paychec
scramble right from the beginning. we had mcconnell, boehner, the vice president and the president. and they weren't the team. the president said you know, i'll swing first because i'm fwoipg to play this one but i don't think that's true. i think he was going for the green the whole time and boy, he put it right in the hole. country's a lot more in the hole than it was. it was the ceo who yelled four trillion more in debt over ten years. i think that's pretty much over what happened. the cbo a new score in general, but that foursome really thinks they won. but i think the handicap's gone up. it's just going to get hotter and hotter to play the back nine. the next big issue for the back nine is definitely going to be the debt ceiling, but the president says you know, that's out of bounds. but i think it's going to be a rough. we're going to be playing in the rough on that one and he's going to be forced to drop the ball if bounds and we're going to see how this back nine plays out because instead of just the foursome, i think we need to have a bigger play of golfers showing up. the
it was interesting, two that did vote for it, the speaker of the house, john boehner, and former vice presidential candidate paul ryan voted for the bill. against it, marco rubio. so that sets up a nice dynamic for 2016. >> no doubt about it. to put it very simple, they kicked the can down the road a little bit. we're going to catch back up with it and deal with it again. >> one other quick note, i think everybody will take a little bit of a hit because the expiration of the payroll tax cut. that's going to have a little bit of an impact on middle class families that earn $50,000 to $75,000 a year. $75,000 they would see their rate rise 1.3% to 17.1. so because of the expiration of that, might see a little bit of a difference in your pay. >>> let's talk about another big story. students from sandy hook elementary getting ready to head back to class tomorrow for the first time since that shooting nearly three weeks ago. families have already been dropping by the new school. an open house is scheduled for today. experts say parents are probably more worried about the return to school than the studen
the house has a whiff of plan "b" and boehner on it. i think it may still get worked out in the band-aid form, but i don't think that's complete at this point. so i think maybe we're all going to be working tomorrow. >> i'm just getting word now that the house gop is going to caucus in an hour. they may not vote, but they'll be talking about what they're hearing coming from the senate and probably get more details at that point. it's not like we're not going to get any progress. but as i said before, rick, for something this important, would you want this to be that much of a rush job in. >> i agree with you. i totally absolutely agree with you. that it needs to be taken time. my reservation all day that i kept mum was is the house going to get this at ten minutes to midnight? i think those guys have some responsibility to do the job a little differently than the health care plan. i don't think they want to find out what's in it after they vote on it. >> without stating the obvious, it would be nice they took their time before the deadline opposed to after it. but i'm going to leave
medicare? there are so many pieces we do not know what the final deal will look like. i think john boehner, there was a lot of scuttle about three or four days ago, but i think he actually, i heard that he got a little standing ovation from his caucus earlier yesterday. i think he comes out of this. i think he will be as strong as ever. this is just the opening round of negotiations. this will go on for six months or a year. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds
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